Fossil price target lowered to $80, sees further potential risk, says BarclaysBarclays lowered Underweight rated Fossil's price target to $80 from $95 and is maintaining its negative view on shares. The analyst believes Fossil is in the middle of a secular disruption and will continue to face financial pressure before visibility materializes surrounding outlook.

Fossil, Kate Spade announce global licensing agreementFossil Group (FOSL) and Kate Spade (KATE) announced the companies have signed a global licensing agreement for the design, development and distribution of kate spade new york watches through 2025. Through the partnership, Fossil Group assumes the existing watch business successfully built under the kate spade new york brand and will begin distributing the assortment through its extensive global network. Fossil Group will launch the first collection of watches designed, developed and distributed in collaboration with kate spade new york, a global lifestyle brand, in 2016. Product will be available in kate spade new york stores as well as key retailers globally.

Fossil says FY15 'significantly negatively impacted' by currency, restructuring For fiscal 2015, the Company expects that its results will be significantly negatively impacted by foreign currency changes as well as restructuring charges. It sees 2015 restructuring charges of 35c.

Fossil says on track to deliver long term goalThe company said, "As we begin 2015, we believe we remain on track to continue to deliver on our long term goal of driving profitable top-line growth while investing in high return initiatives that can fuel our momentum over the long term. The addition of kate spade new york to our multi-brand portfolio, which we announced today, is yet another great example of our ability to capitalize on lifestyle brands that are poised for global expansion. Our priorities are to invest in developing our digital capabilities, advance our wearable technology initiative, drive efficiencies in our operating model, and continue to leverage our competitive advantages of world-class design, production and global distribution to grow Fossil, Skagen and our multi-brand portfolio. We remain excited about our outlook and while we recognize near-term challenges, we expect fiscal 2015 to be another year of significant accomplishments towards our overarching objective to deliver sustained growth and outstanding returns for our shareholders over the long-term."